Ritaayat Foundation
About Ritaayat Foundation
Data last updated:
Ritaayat Foundation is a private not for profit company based in Mumbai, Maharashtra, India. It operates in the higher education segment of the education and learning sector. It was incorporated on 24 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U80301MH2019NPL325818.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rashid Khan Ali and Shazi Ahmad.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.82 Lakh, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹33,265 (net margin -18.3%) and EBITDA of -₹32,779 (EBITDA margin -18%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ritaayat Foundation's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address203 Green View Tower Shanti Niketan Chs Ltd Yari Road Next To Gulmohar Garden Andh, Eri (West), Mumbai, Maharashtra, India – 400061
- IndustryEducation & Learing, Higher Education
To see the full contact details of Ritaayat Foundation, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Ritaayat Foundation is education. In detail, this covers sports, recreation, cultural and other education.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| P | Education | P3 | Sports, recreation, cultural and other education |
To see the full business activity and turnover split of Ritaayat Foundation, buy the company report.
Financials of Ritaayat Foundation
FY 2024 filings availableRitaayat Foundation reported revenue of ₹1.82 Lakh (down 87% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 87% in the latest year. EBITDA rose 58% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹32,779 | ||||
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| Net Profit (PAT) | -₹33,265 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -18% | ||||
| Net Profit Margin | -18.3% | ||||
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To see the full financial statements and ratios of Ritaayat Foundation, buy the company report.
Board of directors of Ritaayat Foundation
Ritaayat Foundation has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rashid Khan Ali Also directs: Incsync Music Private Limited, Significant Buildcons Private Limited, Significant Hospitality Private Limited and 5 more | Director | 24 May 2019 | 7 Years 5 Months | Current |
| Shazi Ahmad | Director | 10 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Ritaayat Foundation is compared with the 10 companies closest to it by revenue in the same principal business activity (sports, recreation, cultural and other education), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Operation Blue Freedom Foundation | ₹1.86 Lakh (FY 2024) | -82.0% | Faridabad, Haryana, India | |||
| N School of Journalism Private Limited | ₹1.85 Lakh (FY 2023) | 10.0% | Hyderabad, Telangana, India | |||
| Institute of Success India Private Limited | ₹1.84 Lakh (FY 2021) | -71.0% | Kolkata, West Bengal, India | |||
| Mission Seva India Help Foundation | ₹1.84 Lakh (FY 2023) | 227.0% | Kota, Rajasthan, India | |||
| Brahmarshi Education Foundation | ₹1.82 Lakh (FY 2024) | 76.0% | Ranchi, Jharkhand, India | |||
| Ritaayat Foundationthis company | ₹1.82 Lakh (FY 2024) | -₹33,265 | -18.3% | -87.0% | Mumbai, Maharashtra, India | |
| Myeasybytes Edtech Private Limited | ₹1.82 Lakh (FY 2022) | Ghaziabad, Uttar Pradesh, India | ||||
| Wosa English Language Reality Test Private Limited | ₹1.82 Lakh (FY 2024) | Ambala, Haryana, India | ||||
| Hajari-Almaula Foundation | ₹1.8 Lakh (FY 2023) | Surat, Gujarat, India | ||||
| Activeace Sports Private Limited | ₹1.8 Lakh (FY 2021) | -25.0% | New Delhi, Delhi, India | |||
| Atal Sanskar Welfare Foundation | ₹1.79 Lakh (FY 2024) | 88.0% | Balrampur, Uttar Pradesh, India |
To see the full peer comparison of Ritaayat Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Ritaayat Foundation are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ritaayat Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ritaayat Foundation; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ritaayat Foundation has 6 board changes on record since 2019: 4 appointments and 2 cessations. The latest: Perdita Beck ceased to be Director on 03 Nov 2025.
Frequently asked questions
Ritaayat Foundation is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in higher education, within the education and learning industry. It was incorporated on 24 May 2019 (7+ years old) and is registered under CIN U80301MH2019NPL325818.
Ritaayat Foundation has 2 current directors:
- Rashid Khan Ali - Director
- Shazi Ahmad - Director
The latest financial statements of Ritaayat Foundation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Ritaayat Foundation is U80301MH2019NPL325818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ritaayat Foundation was incorporated on 24 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ritaayat Foundation by revenue are Operation Blue Freedom Foundation, N School of Journalism Private Limited, Institute of Success India Private Limited, Mission Seva India Help Foundation, Brahmarshi Education Foundation and 5 more, all in the same principal business activity (sports, recreation, cultural and other education).
Perdita Beck ceased to be Director on 03 Nov 2025. Shazi Ahmad was appointed as Director on 10 Oct 2025. Neharaj Singh ceased to be Director on 06 Oct 2021. Ritaayat Foundation has 6 board changes on record in total.
The registered office of Ritaayat Foundation is at 203 Green View Tower Shanti Niketan Chs Ltd Yari Road Next To Gulmohar Garden Andh, Eri West, Mumbai, Maharashtra, India – 400061.
Ritaayat Foundation operates in the education and learning industry, in the higher education segment.
The compliance status of Ritaayat Foundation is compliant as of 08 August 2026. The company is actively filing with the Registrar of Companies.
Ritaayat Foundation can be reached at its registered office: 203 Green View Tower Shanti Niketan Chs Ltd Yari Road Next To Gulmohar Garden Andh, Eri West, Mumbai, Maharashtra, India – 400061.